Millenial home ownership
China: 76%
USA: 36%
Everything else is bullshit if you're homeless, whatever metric you can think about to refute my post, it's worthless if you're homeless.
China: 76%
USA: 36%
Everything else is bullshit if you're homeless, whatever metric you can think about to refute my post, it's worthless if you're homeless.
But when it comes to owning a home in China, you can't do it - because you can't own the land, only lease it. So effectively, anything could happen with your home.
Then, construction in China is a pyramid scheme. Highly praised amount of infrastructure and empty ghost cities is an effect of that [0]. Combine that with rampant corruption (guanxi)[1] and culture of corner-cutting (chabuduo)[2], and you will end with bridges and multi-story buildings crumbling like sand, waiting to collapse at any moment.
All of that with an addition of aging population due to half-witted decisions of delusional, unchecked power (one child policy) leaves China with construction it wont be able to maintain, not even with immigrants, because of recent decisions of tribal nationalism[3][4].
Trends are saturated about China's prosperity and superiority. But if you want actual prosperity - you cant rely on algorithms alone.[5]
With your stats you imply that a person could feel safe owning a home in China. Could you feel safe accounting for all of that?
[0] https://www.youtube.com/watch?v=oWDty6iNcgA
[1] https://en.wikipedia.org/wiki/Guanxi
[2] https://www.reddit.com/r/China/comments/ub6lwn/what_is_the_c...
[3] https://www.youtube.com/watch?v=NUaYNhzEq_E
[4] https://www.youtube.com/watch?v=4Jilv0b27m4
[5] https://www.firstpost.com/world/tiktok-manipulates-content-b...
Now of course things aren't heaven in China, they aren't in USA either, but coming up with all of these other topics in response to the home ownserhip stat... very sus
> lease the land
My man it's like this everywhere, in China it's a lump sum, in other places it's a recurring monthly payment. I'm awake.
In democracies gradual improvement is possible. In dictatorship it's not.
The real answer is, where do you want, and your children, to live? With barred university education due to parent's social score? With collapsing schools? With kindergarten target practice of "enemies"?